Authority: IC 5-10.2-2-1; IC 5-10.5-4-2

Affected: IC 5-10.2-2-3; IC 5-10.2-3-6; IC 5-10.2-4-2

Sec. 13. A distribution from an annuity savings account is deemed to have occurred as of the date on the distribution check. If the member fails to negotiate the check within one hundred eighty (180) days from issuance, the amount of the check will be transferred to an administrative account within the member's respective defined contribution plan.

(Board of Trustees of the Indiana Public Retirement System; 35 IAC 14-7-13; adopted Dec 17, 2010: 20101229-IR-550100778ONA; adopted Jun 23, 2017: 20170705-IR- 035170307ONA) NOTE: Agency cited as 550 IAC 2-7-10, which was renumbered by the Publisher as 550 IAC 2-7- 11. NOTE: Transferred from the Board of Trustees of the Indiana State Teachers' Retirement Fund (550 IAC 2-7-11) to the Board of Trustees of the Indiana Public Retirement System (35 IAC 14-7-13) by P.L.23-2011, SECTION 22, effective July 1, 2011.